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RIOCAN REAL ESTATE INVESTMENT TRUST $18 is a buy. The REIT (Toronto symbol REI.UN; Aggressive Growth Portfolio, Manufacturing & Industry sector; Units outstanding: 309.1 million; Market cap: $5.6 billion; Price-to-sales ratio: 4.7; Distribution yield: 5.7%; TSINetwork Rating: Average; www.riocan.com) owns all or part of 202 shopping centres and other properties, including 12 currently under development. In all, they have 36.0 million square feet of leasable area. RioCan has 61 more projects (total of 42.2 million square feet) in its development pipeline. Of that total, 37 projects (16.0 million square feet) have secured zoning approval. Most of these new developments are in major urban centres (Toronto, Ottawa, Montreal, Calgary, Edmonton and Vancouver) near transit hubs. That adds to their appeal. Moreover, the REIT continues to diversify beyond retail properties—17% of its new projects are residential units. RioCan is a buy. GREAT-WEST LIFECO INC. $29 is a hold. The company (Toronto symbol GWO; Conservative Growth and Income Portfolios, Finance sector; shares outstanding: 931.8 million; Market cap: $27.0 billion; Price-to-sales ratio: 0.5;…